Question #2008076: Derivatives: General Problems


Question: A retail sales outlet sells two competitive products, the prices of which are p1 and p2. Find p1 and p2 so as to maximize the total revenue (R) where

\[R=515{{p}_{1}}+805{{p}_{2}}-1.5{{p}_{1}}{{p}_{2}}-1.5p_{1}^{2}-p_{2}^{2}\]

Solution: The solution consists of 79 words (1 page)
Deliverables: Word Document

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